A conflict of interest is a situation in which an individual has competing interests or loyalties. A conflict of interest can exist in many different situations. The easiest way to explain the concept of conflict of interest is by using some examples.
- with a public official whose personal interests conflict with his/her professional position.
- with a person who has a position of authority in one organization that conflicts with his or her interests in another organization
- with a person who has conflicting responsibilities.